U.S. stocks trended lower on Monday, with technology and consumer-discretionary stocks among the biggest drags of the day, as investors once again fretted over trade-policy uncertainty.
The modest pullback represents a slight retreat from the previous week’s solid gains, which had returned major indexes within striking distance of record levels.
The Dow Jones Industrial Average fell 8 points to 26,147 after briefly moving into positive territory. The S&P 500 was off 8 points, or 0.3%, to 2,897. Should the S&P reverse and end in positive territory, that would make for its sixth straight positive session, its longest such streak since February. At current levels, the S&P is about 0.7% below record levels.
The Nasdaq Composite Index fell 68 points, a decline of 0.9%, to 7,942.
Trade tensions continue to be a primary driver for market action, and the issue has received renewed focus in recent sessions as the relationship between the U.S. and China shows signs of deteriorating.
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Sumber : bpfnews.com